Entres for Issuing and Calling Bonds; Loss Hoover Corp, a wholesaler of music equipment, issued $4,310,000 of 10-year, 13% callable bonds on March 1, 2012, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year 2012 Mac 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds 2014 Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture, (Omit entry for payment of interest.) If an amoure box does not require an entry, leave it blank Journalize the entries to record the above selected transactions Issued the bonds for cash at their face amount 2012 Mar 1 4.310.000 4.310,000 Yuck My Bonds payable is always recorded at face val Paid the interest on the bonds 2012 Sept. 1 Jnternt Expense Cash 88 Paid the interest on the bonds 2012 Sept. 1 Interest Expense Cash Feedback 38 Check My Work The semiannual cash payment to bondholders is the interest expense when bonds are sold at face value. Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) 2014 Sept. 1 Bonds Payable 4.310.000 Loss on Redemption of Bonds Cash Check My W The gain or loss is the balancing amount needed to complete the entry and is the difference between the carrying amount of the bonds and the redemption price A corporation usually redeems its bonds at a price different from that of the carrying amount of the bonds. Check My Wa